United States Oil Reserves, Production and Consumption Statistics (2023)

Summary Table

Barrels Global Rank

Oil Reserves

35,230,000,000 11th in the world

Barrels per Day Global Rank

Oil Production

14,837,640 1st in the world

Oil Consumption

19,687,287 1st in the world

Daily Deficit


Oil Imports


Oil Exports


Net Imports


(Data shown is for 2016, the latest year with complete data in all categoreies)

(Video) Petroleum - Modern history of oil on a Map

Oil Reserves in the United States

See also: List of countries by Oil Reserves

The United States holds 35,230,000,000 barrels of proven oil reserves as of 2016, ranking 11th in the world and accounting for about2.1% of the world's total oil reserves of 1,650,585,140,000 barrels.

The United States has proven reserves equivalent to 4.9 times its annual consumption. This means that, without imports, there would be about 5 years of oil left (at current consumption levels and excluding unproven reserves).

Oil Reserves

(Video) USA vs China Crude Oil Reserves, Refining, Production, Consumption Since 1980

35,230,000,000 barrels

Global Rank: 11th | Share of World: 2.13 %

(Video) Oil Producers and Consumers

5 years of oil left
(at current consumption levels)

(Video) Why does the U.S. import and export so much crude oil?

History of Oil Reserves in the United States

Oil Consumption in the United States

See also: List of countries by Oil Consumption

  • The United States consumes 19,687,287 barrels per day (B/d) of oil as of the year 2016.
  • The United States ranks 1st in the world for oil consumption, accounting for about 20.3% of the world's total consumption of 97,103,871 barrels per day.
  • The United States consumes 2.56 gallons of oil per capita every day (based on the 2016 population of 323,015,995 people), or 934 gallons per capita per year (22 barrels). [1 barrel = 42 US Gallons]
(Video) US to release 50 million barrels of oil from strategic reserve | Inside Story

Oil Production in the United States

See also: List of countries by Oil Production

  • The United States produces14,837,640 barrels per day of oil (as of 2016) ranking 1st in the world.
  • The United States produces every year an amount equivalent to 15.4% of its total proven reserves (as of 2016).

Oil Imports

  • The United States imports 37% of its oil consumption (7,259,000 barrels per day in 2016).
(Video) No More Gas | The Worst Energy Crisis In 40 Years

History of Oil Consumption and Production

See also



1. No More Gas | The Worst Energy Crisis In 40 Years
(Graham Stephan)
2. President Biden delivers remarks on releasing oil from the strategic petroleum reserve
(Yahoo Finance)
3. U.S. has enough strategic oil reserves for an emergency, says presidential advisor Amos Hochstein
(CNBC Television)
4. Natural Gas 101
(Student Energy)
5. Bloomberg Global Financial News LIVE
(Bloomberg Originals)
6. Why US cannot produce more oil | Saudi OPEC hikes oil price for US buyers | Geopolitics
(Amit Sengupta)
Top Articles
Latest Posts
Article information

Author: Horacio Brakus JD

Last Updated: 12/06/2022

Views: 5327

Rating: 4 / 5 (51 voted)

Reviews: 82% of readers found this page helpful

Author information

Name: Horacio Brakus JD

Birthday: 1999-08-21

Address: Apt. 524 43384 Minnie Prairie, South Edda, MA 62804

Phone: +5931039998219

Job: Sales Strategist

Hobby: Sculling, Kitesurfing, Orienteering, Painting, Computer programming, Creative writing, Scuba diving

Introduction: My name is Horacio Brakus JD, I am a lively, splendid, jolly, vivacious, vast, cheerful, agreeable person who loves writing and wants to share my knowledge and understanding with you.